STOCK TITAN

ELEVATE Chooses Procore as Its Construction Management Platform

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Procore Technologies (NYSE: PCOR) has been selected as the construction management platform by ELEVATE Build, a boutique firm specializing in high-end commercial spaces. ELEVATE aims to enhance operational efficiency and customer service while reducing administrative costs by approximately $45,000 CAD annually with Procore's comprehensive features. The partnership highlights Procore's commitment to innovation, as ELEVATE continues to explore new functionalities to streamline its operations. Procore has powered over 1 million projects globally, showcasing its strong presence in the construction management software industry.

Positive
  • ELEVATE Build estimates a savings of about $45,000 (CAD) annually by using Procore.
  • Procore's platform allows ELEVATE to provide clients with frequent updates on project finances.
  • ELEVATE continues to discover new ways to utilize Procore for operational improvements.
Negative
  • None.

Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that ELEVATE Build has chosen Procore as its construction management platform.

ELEVATE was founded in 2019 and specializes in creating high-end commercial spaces, including Alchemy, a Toronto retailer recently featured in Interior Design Magazine. The company delivers projects across Canada and the U.S.

After trialing other solutions, ELEVATE chose the Procore platform for its complete feature set, flexibility and fast onboarding. Paul Bélanger, ELEVATE’s principal and project director, estimates that Procore will save the company about $45,000 (CAD) each year by streamlining administrative work. With Procore, ELEVATE is able to provide clients with frequent updates about project finances, confident that no details have been missed.

“My vision is for ELEVATE to be a 100 per cent mobile company, with our team able to work anywhere with all the project information at our fingertips,” said Bélanger. “Procore enables us to do that, and to provide a high level of customer service while ensuring we are streamlining our processes to be more cost efficient. Procore was the right fit for us—and we’re aligned about where the construction industry needs to go.”

“ELEVATE is a great example of a boutique firm punching above its weight and delivering fantastic value to clients by using digital tools,” said Jas Saraw, Vice President, Canada, Procore. “Procore power users like ELEVATE help us continually improve our platform and ensure we are building the features construction professionals need.”

While ELEVATE initially implemented Procore to leverage financial and project management tools, the company continues to discover new ways to use the platform to innovate and improve day-to-day operations.

About Procore

Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.

PROCORE-IR

Procore Technologies, Inc.

NYSE:PCOR

PCOR Rankings

PCOR Latest News

PCOR Stock Data

11.52B
136.60M
7.63%
90.97%
6.53%
Software - Application
Services-prepackaged Software
Link
United States of America
CARPINTERIA